The ONS data released today showed the UK inflation rate jumped to 2.9% in August. The big jump in inflation numbers has pushed GBP/USD to a one-year high. The rise in inflation will surely weigh over spending, given the wage growth is anemic. Will the BOE respond to higher inflation number with an interest rate hike?
Watch Presenter Matt Brown and Core London CEO Nick Batsford discuss the possible BOE response.

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